Tag: Infrastructure
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In Glasgow, Biden Positioned His Global Infrastructure Plan Against China’s Without Actually Saying “China”
U.S. President Joe Biden addressed the COP26 meeting in Glasgow, Scotland on Tuesday. He used some of his time to restate the broad principles guiding his Build Back Better World (B3W) initiative that is ostensibly intended to build infrastructure in developing countries but is also ...
New Chinese-Financed and Constructed Airport Opens in Southern Nigeria
The governor of the southern Nigerian state of Anambra officially took delivery on Saturday of a new international airport from the China Railway Beijing Engineering Bureau. The project was also wholly financed by Chinese investors. The project took almost four years, and ...
Why One of the Boldest Experiments in Chinese Infrastructure Financing in Africa May Only Benefit Wealthy Motorists
There's growing excitement in the Kenyan capital that congestion-weary motorists will finally get some relief, now that the 27-kilometer Nairobi Expressway is nearing completion. Years of construction have further snarled the city's already miserable traffic but that's expected to improve once the China Road and Bridge Corporation ...
Uganda’s Finance Minister Grilled by Parliament Over Chinese Airport Construction Loan, Apologized for Oversights
Uganda's Finance Minister Matia Kasaija apologized to parliament last week for the mishandling of the $207 million loan from the China Exim Bank to expand Entebbe International Airport. "I apologize that we shouldn't have accepted some of the clauses,"
Kenya’s Transport Minister Tours Almost-Finished Chinese-Built Nairobi Expressway, Promises Traffic Relief by Christmas
Kenya's Transportation Cabinet Secretary James Macharia led journalists on a tour of the nearly-completed Nairobi Expressway, one day after a small section of the road opened to motorists for the first time. Macharia said ...
The Worst May Be Over For Embattled Chinese Mining Giant Sicomines
The Sino-Congolese mining company Sicomines, which has been under intense scrutiny for the past several months over its 2007 contract with the government, is now communicating with a sense of confidence that gives the impression its troubles with the authorities in Kinshasa may be over.
With New Chinese Money Hard to Come By, Kenya’s Treasury Turns to the Bond Market to Finance Infrastructure
The Kenyan government is making preparations to float its largest-ever bond offering, a record $1.3 billion (Sh150 billion) issuance. It will be used to settle debts with contractors, possibly including some Chinese companies, and to fund road projects that are currently in development.
In Phone Call With Macron, Xi Pursues Trilateral Development Cooperation in Africa
Chinese President Xi Jinping urged his French counterpart Emmanuel Macron in a phone call on Tuesday that the European Union should pursue greater autonomy (presumably from the U.S.) in its foreign policy. The two leaders also discussed the upcoming COP26 climate ...
Jake Sullivan: B3W Will Show How Americans Can Outcompete China on Infrastructure
U.S. National Security Advisor Jake Sullivan (photo) reiterated what's has become a common talking point in Washington: that the administration's Build Back Better World (B3W) initiative is going to challenge China's Belt and Road Initiative head-on. Sullivan ...
If the U.S. is Going to Compete Against China’s BRI, Then It’s Going to Have to Mobilize the Private Sector… And That Won’t Be Easy
If the proposed B3W has any chance of rivaling China's eight-year-old Belt and Road Initiative, the U.S. government is going to have to persuade development finance institutions, private companies, and Wall Street that building infrastructure in some of the world's highest risk countries is a good investment. ...
Nairobi Commuters Will Finally Get Some Relief When First Section of New Chinese-Financed Expressway Opens This Weekend
The Kenya National Highway Authority (KeNHA) finally said the words that every Nairobi motorist has been waiting to hear: the expressway is open! OK, so it's just the first section of the 27-kilometer roadway but even that will provide some badly-needed relief ...
Chinese Contractors Almost Finished With Upgrade and Expansion of Uganda’s Main International Airport
Five years after the state-owned China Communications Construction Company (CCCC) began work on a $200 million upgrade and expansion of Uganda's Entebbe International Airport, project managers say the project is 75% complete. When completed the new cargo terminal will be able ...